Global pine-derived chemicals market is expected to grow at a CAGR
between 4.5% and 5% over the period of 2017 – 2023. Pine derived
chemicals are bio-based renewable chemicals extracted from pine trees,
by wood carbonization or oleoresin distillation processes. Charcoal,
creosote, essential oils, methanol, medicinals, phenol, tannin and some
other products are obtained by wood carbonization process. Chipping or
Kraft pulping process is utilized for extracting the discharged
oleoresin from pine trees. For distillation process gums, logs, stumps
and byproducts of sulphate pulp are used. Gum rosin, wood rosin, gum
turpentine, crude tall oil and some other products are obtained by that
process. Pine derived chemicals find applications in various industries
for the manufacturing of adhesives, asphalt, cement, coatings, concrete,
detergents, fragrances, food additives, detergents, disinfectants,
paints, paper, printing inks,rubber products, soaps, vitamins and some
others. Pine derived chemicals have good prospects as bio-based
alternative for some of the petroleum based chemicals, due to the
government regulations that restrict the use of conventional chemicals,
which harm the nature and people.

Figure 1: Global Pine Derived Chemicals Market by Value 2015 - 2023

Market Insights

Mergers and acquisitions, technological
partnerships, joint-ventures and heavy investments in research and
development, to tap the potential of pine derived chemicals, as an
eco-friendly alternative to conventional chemicals , characterizes the
global pine derived chemicals market. Increasing health awareness among consumers and need for improving
carbon footprint in various industries drive the demand for natural raw
materials. As bio-based natural chemicals, with less emission of harmful
gases, pine derived chemicals generate more demand, as an alternative
for petroleum based chemicals. The stringent governmental regulations
regarding the use of chemicals with toxic emission is prompting many
industries to adopt eco-friendly pine derived chemicals and it is
driving the growth of the global pine derived chemicals. Increasing
cultivation of pine trees in major regions drives the demand for pine
derived chemicals in sectors such as food, cosmetic and seed additives,
due to the increasing preference for natural chemicals. Low
manufacturing cost, innovations and advanced technologies drive the
demand for tall oil fatty acids, as it has wider applications in
industrial sectors such as adhesives, ink, paper, rubber, paint and
coatings and some others. Paint and coatings segment is having a
dominant market share in the pine derived chemicals market, due to the
changing lifestyles, preference for eco-friendly products and stringent
environmental regulations. Gum rosin segment is anticipated to attain
the highest growth in terms of CAGR in the global pine derived chemicals
market during the forecast period 2017-2023.

Pine trees grow in specific regions with favourable environmental
conditions only, hence the industry relies heavily on those regions for
supply, and it is a restraint for the global pine derived chemicals
market. Limited availability of pine trees is also a major challenge for
the major players in the global pine derived chemicals market, as they
have to keep optimum stock levels to meet their production demands.
However, the increasing demand for natural ingredients and bio-based
chemicals is expected to provide huge opportunities for the major
players, to expand their production capacities, during the forecast
period.

Segments Covered

The
report covers the analysis of global as well as regional markets of
pine-derived chemicals market. Moreover, the global pine derived chemicals
market is segmented by application, by source and by type. The global pine
derived chemicals market by application covers adhesives & sealants,
cosmetics additives, food additives, paints & coatings, paper& pulp,
printing inks, rubber, surfactants and some others. On the basis of source, the
market is segmented as byproducts of sulfate pulping, dead pine logs &
stumps and living pine trees and logs & stumps of dead pine trees. Based on
type, the market is segmented as derivatives of CST, gum rosin, gum turpentine,
pitch, sterols, tall oil fatty acid, tall oil rosin and some others.

Geographies covered
The global fruit concentrates market covers the analysis of geographies
such as North America, Europe, Asia-Pacific and RoW. In this section,
the key trends and market size for each region is provided over the
period of 2017 – 2023.

Figure 2: Global Pine Derived Chemicals Market by Region

Among geographies, North America is the largest pine derived chemicals
market. Asia-Pacific region is the second largest market and it is
anticipated to be the fastest growing market in terms of CAGR during the
forecast period 2017-2023. USA is the largest producer of pine derived
chemicals, due to the presence of large number of pine trees and major
manufacturing countries. Increasing demand for the environmental
friendly chemicals drives the growth of the North American pine derived
chemicals market. Adoption of advanced technologies, rapid urbanization
and the increasing disposable income among the population in the region
drives the growth of Asia-pacific pine derived chemicals market.
Moreover, the polices of various governments for promoting use of
environmental friendly products and the increasing demand for bio-based
chemicals in China, Japan, India and other major countries in the region
drives the growth of the market. European union regulations that
promote use of bio-based chemicals , increasing demand for environmental
friendly products in European countries such as France, Germany, Italy,
United Kingdom and some others drive the growth of the European pine
derived chemicals market.

Report Highlights:
The report provides deep insights on demand forecasts, market trends and
micro and macro indicators. In addition, this report provides insights
on the factors that are driving and restraining the demand of pine
derived chemicals globally as well as regionally. Moreover, IGR-Growth
Matrix analysis given in the report brings an insight on the investment
areas that existing or new market players can consider. Moreover, the
study highlights current market trends and provides forecast from 2017
to 2023.

We also have highlighted future trends in the pine derived
chemicals market that will impact the demand during the forecast period.
Moreover, the competitive analysis given in each regional market brings
an insight on the market share of the leading players. Additionally,
the analysis highlights rise and fall in the market shares of the key
players in the market. This report will help manufacturers, suppliers
and distributors of the pine derived chemicals market to understand the
present and future trends in this market and formulate their strategies
accordingly.